The 2020 Election Results and Implications for the Financial Services Industry -
Former Vice President Joseph R. Biden Jr. has won the 2020 presidential election and the Democratic Party will remain in control of the House...more
The Federal Reserve has released FAQs covering its recently revised control regulation, which became effective on September 30, 2020 (the “Control Rule”). For more on the specifics of the Control Rule, please refer to our...more
The Federal Reserve Board (the Federal Reserve), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Securities and Exchange Commission (SEC) and the Commodity Futures...more
On June 25, 2020, the Federal Reserve Board (the “Fed”) released (i) the results of its supervisory stress tests for 2020; and (ii) aggregate, not bank-specific, results of a special “sensitivity analysis” conducted under a...more
On March 31, 2020, the Board of Governors of the Federal Reserve System (the “Board”) announced that it has decided to delay the effective date of its final rules revising the Board’s framework for determining whether a...more
In the face of the coronavirus (“COVID-19”) pandemic, the U.S. Federal Reserve Board (the “Fed”) and the U.S. federal banking agencies have announced several market and supervisory actions to address the sudden market stress...more
3/21/2020
/ Banking Sector ,
Banks ,
Capital Requirements ,
Commercial Paper ,
Coronavirus/COVID-19 ,
Emergency Response ,
FDIC ,
Federal Register ,
Federal Reserve ,
Financial Crisis ,
Financial Institutions ,
Financial Markets ,
FRBNY ,
Liquidity ,
OCC
The economic and operational stresses caused by the Novel Coronavirus (COVID-19) are highlighting the need for regulated financial institutions to formulate responses to address significant business disruptions (SBDs) and to...more
In this week's newsletter, we provide a snapshot of the principal U.S., European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more
4/12/2018
/ Annual Reports ,
Appraisal ,
Banks ,
Commercial Real Estate Market ,
Community Reinvestment Act ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Customer Due Diligence (CDD) ,
Disclosure Requirements ,
EU Prospectus Regime ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Agencies ,
FinCEN ,
FRBNY ,
Fund Managers ,
Global Economy ,
Investor Protection ,
MiFID II ,
Regulatory Standards ,
UK
In this newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and...more
9/30/2016
/ Asset Management ,
Banking Regulators ,
Banking Sector ,
Banks ,
Broker-Dealer ,
EU ,
Financial Crimes ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Global Market ,
Investment Firms ,
MiFID
For purposes of assessing the existence of federal subject matter jurisdiction based on diversity of citizenship, national banking associations—i.e., corporate entities chartered not by any State, but by the Office of the...more
In two recent decisions, European national courts have taken a narrow view of their obligations under the Bank Recovery and Resolution Directive (BRRD)—the new European framework for dealing with distressed banks. The message...more
Today, the eve of the fifth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Federal Reserve Board approved a final rule (“Final Rule”) establishing an additional risk-based capital surcharge...more
The Bank of England, the UK authority with powers to “resolve” failing banks, is consulting on how it might exercise its power of direction to remove impediments to resolvability. The Bank may require measures to be taken by...more
In this issue:
- Bank Prudential Regulation & Regulatory Capital
- Regulations on Methodology for Calculation of Fixed Costs by Investment Firms
- UK Bank of England Announces Details of 2015 Stress...more
4/1/2015
/ Bank of England ,
Banking Sector ,
Banks ,
CFTC ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Rating Agencies ,
Financial Conduct Authority (FCA) ,
Payday Loans ,
Payment Systems ,
Prudential Regulation Authority (PRA) ,
Securities and Exchange Commission (SEC) ,
Stress Tests ,
UK
In this issue:
- Federal Reserve Board Releases Results for Dodd-Frank Annual Stress Tests
- The US Federal Reserve Board Extends Comment Period for Global Systemically Important Banks Surcharge
-...more
In this issue:
- US Banking Regulators Request Comments on Reducing Regulatory Burden
- European Banking Authority Opinion on Definition of Eligible Capital
- Implementing Technical Standards under CRR...more
2/25/2015
/ Asset Management ,
Banks ,
Broker-Dealer ,
Brokers ,
Derivatives ,
EU ,
European Banking Authority (EBA) ,
FDIC ,
Financial Institutions ,
Futures ,
Investment Adviser ,
Liquidity Coverage Ratio ,
UK
In this issue:
- European Banking Authority’s Second Report on Impact of Liquidity Coverage Ratio
- Delegated Regulations under CRD IV Published in Official Journal of the European Union
- Prudential...more
1/22/2015
/ Banks ,
Capital Requirements ,
EU ,
EU Directive ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Final Rules ,
Hong Kong ,
Hong Kong Stock Exchange ,
Liquidity Coverage Ratio ,
OCC ,
Prudential Regulation Authority (PRA) ,
Securities and Exchange Commission (SEC) ,
Security-Based Swaps
In this issue:
- Bank Prudential Regulation & Regulatory Capital
- Bank Structural Reform
- Credit Ratings
- Derivatives
- Enforcement
- Financial Services
- Recovery &...more
1/14/2015
/ Banks ,
Credit Ratings ,
Dodd-Frank ,
Enforcement Actions ,
EU ,
European Securities and Markets Authority (ESMA) ,
FSOC ,
Prudential Regulation Authority (PRA) ,
Recordkeeping Requirements ,
UK ,
Volcker Rule
The Federal Reserve Board recently proposed for public comment amendments to its risk-based capital rule that would impose a risk-based capital surcharge on eight US global systemically important banks (“G-SIBs”). In general,...more
In this issue:
- Bank Prudential Regulation & Regulatory Capital
- Consumer Protection
- Credit Ratings
- Enforcement
- Funds
- Excerpt from Bank Prudential Regulation &...more
12/30/2014
/ Banks ,
Basel Committee on Banking Supervision (BCBS) ,
Consumer Price Index ,
Credit Ratings ,
Enforcement Actions ,
European Banking Authority (EBA) ,
FDIC ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Mortgages ,
Prudential Regulation Authority (PRA) ,
Securities and Exchange Commission (SEC)
In this issue:
- Bank Prudential Regulation & Regulatory Capital
- Bank Structure
- Credit Ratings
- Derivatives
- Enforcement
- Financial Market Infrastructure
- Funds...more
The Financial Stability Board recently issued for consultation proposals to increase the loss-absorbing capacity of global systemically important banks over and above the fully loaded Basel III capital standards....more
In this issue:
- Bank Prudential Regulation & Regulatory Capital
- Bank Structure
- Derivatives
- Financial Market Infrastructure
- Financial Services
- People
- Events...more
12/9/2014
/ Administrative Appointments ,
Anti-Money Laundering ,
Asset-Backed Securities ,
Bank Secrecy Act ,
Banks ,
Basel Committee on Banking Supervision (BCBS) ,
CFTC ,
Derivatives ,
European Commission ,
Examination Manual ,
FDIC ,
Federal Reserve ,
FFIEC ,
Financial Markets ,
Payment Systems ,
Prudential Regulation Authority (PRA) ,
Securities and Exchange Commission (SEC)
In this issue:
- Bank Prudential Regulation & Regulatory Capital
- Bank Structure
- Compensation
- Consumer Protection
- Derivatives
- Enforcement
- Financial Market...more
11/25/2014
/ Banking Sector ,
Banks ,
Capital Requirements ,
CFTC ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Default Swaps ,
Derivatives ,
Enforcement Actions ,
EU ,
European Banking Authority (EBA) ,
European Central Bank ,
FDIC ,
Federal Reserve ,
IOSCO ,
Mortgage Loan Servicing Standards ,
OCC ,
Prudential Regulation Authority (PRA) ,
Regulation SCI ,
Securities and Exchange Commission (SEC)
In this issue:
- G20 Leaders Summit
- Bank Prudential Regulation & Regulatory Capital
- Bank Structure
- Derivatives
- Enforcement
- Financial Market Infrastructure
-...more